GO
Loading...

February foreclosure filings fell by 10 percent from January

Kirby Hamilton | E+ | Getty Images

U.S. foreclosure filings in February fell to the level in more than seven years, and dropped 10 percent from January, RealtyTrac reported Thursday.

According to the real estate information firm, there were 112,498 filings last month. The number, which includes default notices, auctions and repossessions, marks a 27 percent drop from the prior year. It's also the lowest since December 2006.

(Read more: Spring thaw may not heat up this housing market)

The report also said there were 152,033 "zombie foreclosures"—owner-vacated homes. The figure nationwide remained flat compared to the third quarter of 2013 when the firm last reported on the number. Florida has the most in the country, followed by Illinois and New York.

(Read more: What's hot in the real estate market)

In a statement, RealtyTrac vice president Daren Blomquist said the biggest threat to foreclosures will be properties that have been lingering in the foreclosure process.

(Read more: 4 million renters want to buy. Can they?)

"These properties drag down home values in the surrounding neighborhood and contribute to a climate of uncertainty and low inventory in local housing markets," he said.

By CNBC.com.

Contact Housing

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More*

Latest Special Reports

  • File photo: Participants at a hacking conference in Germany

    A series of high profile cyber attacks has created huge economic opportunity as businesses look to fend off future attacks.

  • Whether you're young and just getting started investing or moving closer to retirement, factoring in age will keep you ahead of the game.

  • Advisor-centric content with guest columns covering practice management, investment strategies and marketing/social media.